The Ministry of Micro Small and Medium Enterprises, (MSME) in association with National Payment Corporation of India (NPCI) had launched the MSME RuPay Credit Card on pilot basis, pan-India for Udyam registered MSMEs.
The MSME RuPay Credit Card provides a simplified payment mechanism to MSMEs to meet their business-related operational expenses like digital payments, utility bills payments, tax/statutory payments etc. and MSME borrowers also takes benefit of interest-free credit period on their business spends as per the bank’s policy.
This information was given by Minister of State for Micro Small and Medium Enterprises, Shri Bhanu Pratap Singh Verma in a written reply to the Rajya Sabha today.
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MJPS/NSK
